*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

By posting an Alabama non-dealer designated agent bond, principals (designated agents) pledge to conduct business according to the laws of the state.

If the principal conducts unlawful business, the bond protects harmed parties from financial loss up to the full amount of the bond. The principal, in turn, must reimburse the surety for any damages paid out.

Our team of surety bond specialists is dedicated to getting you bonded quickly and for the best price possible. Click here to get started!

What’s the fine print?

Designated agent bonds in Alabama remain in full force and effect until canceled. The surety can be released and discharged from liability to the state by filing a written request to be released and discharged with the Department of Revenue. The surety is released 60 days after the request is filed.

How to become a designated agent in Alabama

To become a registered designated agent in Alabama, applicants must meet the following license-based qualification requirements:

licensed financial institutions - submit a copy of their Title 5, Chapter 19, State Banking License or equivalent